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Lectures in Macroeconomics- Charles W. Upton Government Spending.

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Presentation on theme: "Lectures in Macroeconomics- Charles W. Upton Government Spending."— Presentation transcript:

1 Lectures in Macroeconomics- Charles W. Upton Government Spending

2 Our Objective This is a descriptive section. Here, we present some data on what the government actually spends.

3 Government Spending Our Objective This is a descriptive section. Here, we present some data on what the government actually spends. The discussion revolves around graphs showing government spending, usually as a percentage of GDP.

4 Government Spending Government Spending 1959-2003 As % of GDP

5 Government Spending Government Spending 1959-2003 These data include both (a) government purchases of goods and services and (b) transfer payments

6 Government Spending Govt. Consumption 1959-2003 As % of GDP

7 Government Spending Govt. Consumption 1959-2003 This series is relatively constant.

8 Government Spending Govt. Transfer Payments 1959-2003 As % of GDP

9 Government Spending Govt. Transfer Payments 1959-2003 This series is not.

10 Government Spending The Devil is in the Details Federal and State Breakdown Defense and non-defense spending

11 Government Spending Federal Spending 1934-2003 As % of GDP

12 Government Spending Federal Spending 1934-2003 Korea WW II

13 Government Spending Federal Spending (1965-2003) This series is relatively constant. As % of GDP

14 Government Spending Federal Non-Defense Spending (1965-2003) This series is not. As % of GDP

15 Government Spending Federal Non-Defense Spending (1965-2003)

16 Government Spending Defense Spending (1940-2003) As % of GDP

17 Government Spending Defense Spending (1940-2003)

18 Government Spending Defense Spending (1965-2003) As % of GDP

19 Government Spending State and Local Consumption, 1960-2002 As % of GDP

20 Government Spending State and Local Consumption, 1960-2002

21 Government Spending State and Local Transfer Payments, 1960-2002 As % of GDP

22 Government Spending State and Local Transfer Payments, 1960-2002

23 Government Spending How the States Spend Education Other Welfare Roads % of State Spending for different purposes

24 Government Spending State Spending on Education, 1953-2001 As % of GDP

25 Government Spending State Spending on Roads, 1953-2001 As % of GDP

26 Government Spending State Spending on Welfare, 1953-2001 As % of GDP

27 Government Spending State Spending on Other, 1953-2001 As % of GDP

28 Government Spending State Spending on Other, 1953-2001 As % of GDP Libraries, Hospitals, Health, Employment Security Administration, Veteran's Services, Air Transport, Water Transport and Terminals, Parking Facilities, Transit Subsidies, Police Protection, Fire Protection, Correction, Protective Inspection and Regulation, Sewerage, Natural Resources, Parks and Recreation, Housing and Community Development, Solid Waste Management, Financial Administration, Judicial and Legal, General Public Buildings, Other Government Administration, Interest on General Debt and General Expenditures

29 Government Spending State vs. Federal, 1959-2002 Federal State This graph shows federally-funded state spending as both federal & state spending

30 Government Spending State vs. Federal, 1959-2002 Federal State This graph shows federally-funded state spending as federal spending

31 Government Spending % of State Spending Federally Financed

32 Government Spending End ©2004 Charles W. Upton. All rights reserved Data are from Statistical Appendix of Economic Report of the President


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